Best SBI Mutual Funds – Let’s Consider

The SBI mutual fund trustee company pvt ltd was set-up under the trust controls of ‘SBI MUTUAL FUNDS’, one of India’s oldest & largest MFs. The SBI mutual fund between one of India’s most profitable and largest banks ‘The State Bank of India, and ‘Amundi Management Company’.

The set-up of SBI mutual fund was implied on 29th June 1987 & was incorporated on 7th February 1992. It was considered as India’s second mutual fund after the Unit Trust of India started its operations in the year 1963. Also, in July 2004, the State Bank of India decided to divest 37% of the fund & roped in Amundi as a partner.

The SBIMF is registered with SEBI or the Securities and Exchange Board of India. Apparently with the reports, the SBIMF has witnessed a 7% growth in AUM in the year 2019.

Key Information

Mutual Fund

SBI Mutual Fund

Founded

30th June 1987

Incorporated

7th February 1992

Sponsors

State Bank of India

Trustee

SBI Mutual Fund Trustee Company Pvt Ltd

MD & CEO

Mr. Ashwani Bhatia

Top Fund Managers

Name

Mr. Ashwani Bhatia

Mr. Nicholas Simon

Mr. R.S. Srinivas Jain

Mr. D.P. Singh

Ms. Aparna Nirgude

Mr. Rahul Mayor

BEST SBI Mutual Fund

Let’s take a look:

SBI Magnum Constant Maturity Fund Direct Growth: The objective is to provide the investors with the returns generated through investments in government securities issued by the Central Government of India & State Government. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 445 crores. 1-year returns provided by the fund is 18.5%.

SBI Magnum Medium Duration Fund Direct Growth:The objective of this fund is to provide better returns to the Unit holders/Magnum holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity & money market instruments. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 1842 crores. 1-year returns provided by the fund is 11.9%.

SBI Focused Equity Fund Direct Plan Growth: To provide the investors with maximum growth opportunity through equity investments in stocks of growth-oriented sectors of the economy. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 5127 crores. 1-year returns provided by the fund is 0.6%.

SBI Magnum Children’s Benefit Fund Direct: The objective of this scheme is to provide attractive returns to the Unit holders/Magnum holders by means of capital–appreciation through an actively managed portfolio of debt, equity & money market instruments. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 62 crores. 1-year returns provided by the fund is 0.4%.

SBI Small Cap Fund Direct Growth: This fund seeks to generate income & long-term capital appreciation by investing in a diversified portfolio of pre-dominantly equity & equity related securities of companies known as industry leaders. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 2413 crores. 1-year returns provided by the fund is –8.3%.

SBI Banking & Financial Services Fund Direct Growth: The investment objective of this scheme is to generate long-term capital-appreciation to unit holders from a portfolio that is invested pre-dominantly in equity & equity related securities of companies engaged in banking & financial services. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 1015 crores. 1-year returns provided by the fund is 4.5%.

SBI Corporate Bond Fund Direct – Growth: This scheme seeks to provide the investors with an opportunity to pre-dominantly invest in corporate bonds that are rated AA+. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 0 crores. 1-year returns provided by the fund is –100.0%.

SBI Dynamic Asset Allocation Fund Direct Growth: The objective of this fund is to provide investors with an opportunity to invest in a portfolio of a mixture of equity & equity related securities, and; fixed income instruments. Minimum SIP amount required for this fund is INR 500; talking about AUM, it states INR 683 crores. 1-year returns provided by the fund is 0.2%.

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*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.